Insider Selling: Bunzl (BNZL) Insider Sells 6,842 Shares of Stock

Bunzl (LON:BNZL) insider Brian May sold 6,842 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of GBX 2,069 ($29.04), for a total transaction of £141,560.98 ($198,709.97).

Brian May also recently made the following trade(s):

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  • On Thursday, March 22nd, Brian May sold 12,921 shares of Bunzl stock. The shares were sold at an average price of GBX 2,016 ($28.30), for a total transaction of £260,487.36 ($365,647.61).

LON BNZL opened at GBX 2,090 ($29.34) on Friday. Bunzl has a 52-week low of GBX 1,918.50 ($26.93) and a 52-week high of GBX 2,472 ($34.70).

Bunzl (LON:BNZL) last posted its quarterly earnings results on Monday, February 26th. The company reported GBX 119.40 ($1.68) earnings per share (EPS) for the quarter, topping the consensus estimate of GBX 114 ($1.60) by GBX 5.40 ($0.08). The company had revenue of GBX 858.09 billion for the quarter. Bunzl had a net margin of 4.01% and a return on equity of 26.17%.

The firm also recently disclosed a dividend, which will be paid on Monday, July 2nd. Stockholders of record on Thursday, May 24th will be issued a dividend of GBX 32 ($0.45) per share. This represents a dividend yield of 1.65%. This is an increase from Bunzl’s previous dividend of $14.00. The ex-dividend date of this dividend is Thursday, May 24th.

A number of research analysts recently issued reports on BNZL shares. Shore Capital reiterated a “buy” rating on shares of Bunzl in a research note on Monday, February 26th. Citigroup reiterated a “buy” rating and issued a GBX 2,700 ($37.90) target price on shares of Bunzl in a research note on Thursday, February 22nd. Goldman Sachs reiterated a “buy” rating and issued a GBX 2,500 ($35.09) target price on shares of Bunzl in a research note on Wednesday, January 24th. Deutsche Bank raised their target price on shares of Bunzl from GBX 2,540 ($35.65) to GBX 2,630 ($36.92) and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, JPMorgan Chase reiterated a “neutral” rating and issued a GBX 2,609 ($36.62) target price on shares of Bunzl in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 2,446.70 ($34.34).

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Bunzl Company Profile

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. It provides non-food consumables, including food packaging, napkins, disposable tableware, food service disposables, guest amenities, light and heavy catering equipment, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as the leisure sector.

Insider Buying and Selling by Quarter for Bunzl (LON:BNZL)

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